Tax Issues Should Be Solved between Pakistan & China

Chinese Vice Finance Minister Zhu Guangyao told that Pakistan is the largest exporter of rice to china.. That’s why we have to solve the tax issues between China and Pakistan. He was addressing a conference with Asia Pacific Association of Agriculture Research (APAARI).

He told that China and Pakistan need to enter into agriculture and livestock sector. This agreement will open up an opportunity for Halal products regarding meat, fruits and vegetables.

Zhu Guangyao stated that many house hold items like fish, rice, cooking oil and other house hold items tax ratio would be decreased. As well as there is many other house hold and other items on which tax ratio would be exempted from next years as such

Steel belt

Papers

Furniture

Organic and inorganic fertilizer

Timber

Spare parts

Marble

Opinion

Government of Pakistan should exempt sale tax on foodstuff items so that inflation ratio will decrease to overcome the crisis.